Common use of Computation and Payment of Liability With Respect To Tax Due Clause in Contracts

Computation and Payment of Liability With Respect To Tax Due. Within 20 Business Days following the earlier of (i) the due date (including extensions) for filing any such Tax Return (excluding any Tax Return with respect to payment of estimated Taxes or Taxes due with a request for extension of time to file) or (ii) the date on which such Tax Return is filed, if Pfizer is the Responsible Company, then Zoetis shall pay to Pfizer the amount allocable to the Zoetis Group under the provisions of Section 2, and if Zoetis is the Responsible Company, then Pfizer shall pay to Zoetis the amount allocable to the Pfizer Group under the provisions of Section 2, in each case, plus interest computed at the Prime Rate on the amount of the payment based on the number of days from the earlier of (i) the due date of the Tax Return (including extensions) or (ii) the date on which such Tax Return is filed, to the date of payment.

Appears in 4 contracts

Samples: Tax Matters Agreement, Tax Matters Agreement (Zoetis Inc.), Tax Matters Agreement (Zoetis Inc.)

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Computation and Payment of Liability With Respect To Tax Due. Within 20 Business Days 30 days following the earlier of (i) the due date (including extensions) for filing any such Tax Return (excluding any Tax Return with respect to payment of estimated Taxes or Taxes due with a request for extension of time to file) or (ii) the date on which such Tax Return is filed, if Pfizer Brink’s is the Responsible Company, then Zoetis BHS shall pay to Pfizer Brink’s the amount allocable to the Zoetis BHS Group under the provisions of Section 2Article II, and if Zoetis BHS is the Responsible Company, then Pfizer Brink’s shall pay to Zoetis BHS the amount allocable to the Pfizer Brink’s Group under the provisions of Section 2Article II, in each case, plus interest computed at the Prime Rate on the amount of the payment based on the number of days from the earlier of (iA) the due date of the Tax Return (including extensions) or (iiB) the date on which such Tax Return is filed, filed to the date of payment.

Appears in 2 contracts

Samples: Tax Matters Agreement (Brink's Home Security Holdings, Inc.), Tax Matters Agreement (Brinks Co)

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